Chinese short-video firm Kuaishou Technology surpassed revenue forecasts, with its AI video generator Kling AI experiencing a 300% surge in revenue.

Chinese short-video company Kuaishou Technology beat estimates with 33.7 billion yuan (US$5 billion) in revenue in the first quarter, driven by the rapid commercialisation of its flagship artificial intelligence video generator, Kling AI. Overall revenue grew 3.4 per cent, but Kling’s revenue surged more than 300 per cent to 650 million yuan in the period, the company said on Wednesday. “AI technologies continued to provide the momentum for our content prosperity, business growth and...